Nora Colomer

Southwest Ohio’s largest healthcare provider capitalized on the low interest rate environment last week to save on the debt of four hospitals it now operates as one obligated group.

East Cleveland’s plan to avert bankruptcy by merging with neighbor Cleveland is back to the drawing board after terms were rejected by the Cleveland City Council.

Michigan's Wayne State University expects to return to the bond market to raise up to $14 million for the new business school for which it broke ground last month.

Detroit-based law firm Clark Hill is expanding its public finance reach in Michigan with the acquisition of competitor Axe & Ecklund.

The Gary/Chicago International Airport Authority may seek another round of bond funding after a year that saw operations increase following the expansion of its main runway.

The city of Wayne, Michigan lost its investment grade rating amid struggles to erase red ink and faces further credit erosion as it veers toward state oversight.

Michigan needs to increase funding to adequately meet the state’s education needs, a new research report warns.

A $70 million injection of private capital from local philanthropists will boost Kalamazoo, Michigan, said Moody’s Investors Service.

Bonds issued for a P3 highway project in Indiana were downgraded to junk following construction delays and payment disputes among contractors.

The Southeast Michigan Regional Transit Authority failed to secure enough votes to put a 20-year transportation millage on the Nov. 8 ballot in a vote taken this week.

Hamilton County, Ohio, expects about $60 million in savings when it refunds sales tax bonds that helped finance two professional sports stadium.

Investor appetite for yield overcame any credit quality concerns buyers had as Detroit saw strong demand for its first post-bankruptcy general obligation/distributable state aid backed bond sale issue.

Detroit, already facing headwinds with its first post-bankruptcy general obligation/distributable state aid backed sale, could suffer some spill due to the state’s disruption of a similar security on some of Detroit Public Schools' bonds, one municipal market participant suggested.

Indiana closed out fiscal 2016 last month with a slight surplus despite the drain of low gas prices on revenue growth.

The authority that runs Detroit's main airport is on the hunt for a new leader following chief executive officer Thomas Naughton's decision to retire this fall.

Pittsburgh-based PNC Capital Markets has hired veteran Ohio-based banker Mark Fisher to lead its efforts there as it eyes further expansion and amplifies it pitch on bank products available to municipal clients.

Detroit announced plans to pay for higher contributions to its public safety pension fund by hiring fewer firefighters.

The Michigan State Building Authority is joining the parade of borrowers capitalizing on the market's attractive rates with plans to sell about $660 million of mostly refunding bonds next week.

South Dakota can now claim three top-level credit ratings after Moody’s Investors Service assigned an initial issuer credit rating of Aaa.

Cincinnati, Ohio-based Dinsmore & Shohl LLP has hired Michael Jackson to expand its public finance practice in Philadelphia, Pennsylvania.